Financial Executives: Keeping Track

Yum Brands,
the $10.8 billion parent of Taco Bell, KFC and Pizza Hut, named David Russell corporate controller and vice president. He succeeds Ted Knopf, who was appointed senior vice president of finance. Russell, 41, was named vice president of financial planning and controller-designate in November. In his 11 years at Louisville, Ky.-based Yum, he has also served as assistant controller and senior director of finance.

EarthLink, a $723 million Internet services provider in Atlanta, named Mark Droege senior vice president of treasury and corporate services. He replaces Trey Huffman, who remains with the company in another role. Prior to joining EarthLink, Droege, 58, served as CFO at both Nsoro and IntelliOne. Earlier, he spent 20 years at BellSouth Corp., where his positions included treasurer and CFO of BellSouth International. Before joining BellSouth in 1986, Droege was CFO for two divisions of International Thomson.

American Apparel, the $558 million clothing chain based in Los Angeles, named John Luttrell CFO and executive vice president. He replaces Adrian Kowalewski, who was appointed executive vice president of corporate strategy. Luttrell, 56, had been a partner at CFOs2Go, a management consulting firm, since 2009. He was CFO of Old Navy from 2007 to 2008, and for two years prior to that, he served as CFO at The Wet Seal. Earlier in his career, Luttrell worked at Cost Plus in positions including CFO and controller.

CIT Group, the New York-based commercial lending and leasing company that emerged from bankruptcy in 2009, named Claus Friis CFO of a business unit, CIT Vendor Finance. Before joining CIT, Friis, 37, had been CFO of vendor finance at GE Capital for almost two years. Earlier, he served as CFO of transportation and construction services at GE Commercial Finance and as pricing leader for corporate lending at GE Commercial Finance. Friis joined GE Capital as a financial management program trainee in July 1998.

Smith & Wesson Holding Corp., the Springfield, Mass.-based gun maker with $406 million in 2009 revenue, appointed Jeffrey Buchanan CFO, treasurer and executive vice president. He succeeds William Spengler, who resigned in November to become president of ChromaDex. John Dineen, who served as interim CFO, will continue in his position as vice president of finance of the company's firearm division. Buchanan, 55, most recently was of counsel at Ballard Spahr, a Philadelphia law firm. He was senior managing director at broker-dealers CKS Securities from 2009 to2010 and at Alare Capital Securities from 2006 to 2009. Earlier, Buchanan was a principal at consulting firm Echo Advisors and spent nine years at Three-Five Systems, where his final position was CFO and treasurer.

Affymax, a $115 million biopharmaceutical company in Palo Alto, Calif., promoted Herb Cross to CFO. He replaces Paul Cleveland, who is leaving to join a private equity firm. Cross, 39, was formerly the company's vice president of finance and chief accounting officer. Prior to joining Affymax, he served as vice president of finance at Facet Biotech Corp., corporate controller at PDL BioPharma and vice president of finance at Neoforma, a software company.

David Miller has joined Centerline Capital Group, a New York City-based real estate investment and finance company, as assistant treasurer and vice president. Miller, 33, previously served as treasury manager and vice president at National Financial Partners. Prior to joining NFP in 2005, he worked at UBS Financial Services and Datek Online.


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